Daily Index Cycle update

A quiet start to the week. Minor declines in the morning failed to hold, and the typical latter day recovery kicked in. Most indexes closed around 0.3% higher, although we're still a touch below the recent key high of sp'1525. Any price action over 1530 comfortably opens the door to 1550/60 within 2-3 weeks.


Dow

SP'daily5

Trans

Summary

Very little to note..aside that we appear to be back into another few weeks of algo-bot melt.

How high are we going? Sp'1550/60 is my primary target zone, and if we get stuck, I'll launch major re-short into the April/May time zone.

Yet, bears should probably be very cautious. if the media gets a little hysterical this spring, and if everything is 'quiet' out there..sp'1600s are viable, before a major multi-month wave lower to 1400/1350.

A little more later.